Japan is set for a record year for acquisitions overseas, as the strength of the yen fuels appetite for international deals, according to research.

Japanese investors have agreed £23bn of acquisitions abroad so far this year, making Japan the third most acquisitive country for outbound mergers and acquisitions, according to figures from FactSet published by DC Advisory in an emerging markets report. DC Advisory is a corporate finance firm that is itself owned by Japanese company Daiwa Securities.